By David French and Lisa Pauline Mattackal (Reuters) -The and the Nasdaq climbed on Friday, boosted by an earnings-driven jump in Netflix (NASDAQ:) shares and broader gains across technology stocks. All three major Wall Street benchmarks were comfortably on course to secure a sixth straight weekly gain, with the largely unchanged a day after posting a record closing high. Shares of Netflix jumped 10.5% to a record high after the streaming giant topped Wall Street estimates for subscriber additions and said it expected continued growth through the end of the year. All the so-called Magnificent Seven stocks, which have driven…
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The price of gold has surged in 2024, breaking numerous price records in the process. Getty Images The price of gold continues to break records. That was the big news in the precious metal industry this week after the price of the yellow metal surged past $2,700. Now at $2,716.64 per ounce, the new price record comes just weeks after gold hit a previous record of around $2,600. That’s after the metal started the year priced at just $2,063.73 per ounce – a dramatic 32% increase in less than a year. And there are no signs of cooling. Many experts…
The Dodge Charger, a popular muscle car, defied expectations in 1973, despite engine lineup changes and a focus on fuel efficiency. Sales surged by 63% compared to the previous year, with the SE coupe leading the way at over 62,000 units sold. The hardtop followed with 45,000 units, while the Charger coupe trailed behind at 12,000. Engine options ranged from a base 105-horsepower six-cylinder to a powerful 280-horsepower 440ci V8. The Charger in these photos is equipped with a 318ci V8 that required extensive repairs, including a new starter, carburetor, fuel pump, and radiator. Restored 1973 Dodge Charger Up for…
Resistance Money: A Philosophical Case for Bitcoin. 2024. Andrew M. Bailey, Bradley Rettler, and Craig Warmke. Routledge. “Bitcoin is for criminals. It’s a tool for terrorists, drug dealers, and hackers, and a plaything for degenerate speculators.” “Compared to physical cash, bitcoin enables some wrongdoing more easily over longer distances.” “Perhaps in the long run, bitcoin could destroy the international order by making sanctions less effective.” “Even if bitcoin intrinsically has no serious problems, it is surrounded by a culture rife with scams.” “Bitcoin does involve significant carbon emissions. This is bad.” “…bitcoin benefits North Korea’s totalitarian government. This is bad.” “…bitcoin does…
American Honda has achieved remarkable success in the US automotive market, with total sales exceeding one million units in the first nine months of the year. This significant 8.8% increase compared to the same period in 2023 is a testament to the brand’s popularity and strong product lineup. While passenger cars have not been the primary driver of sales, with 338,000 units sold compared to 718,000 high riders, Honda’s performance has been exceptional. The brand’s success can be attributed to several factors, including a diverse range of vehicles that cater to various consumer preferences. American Honda Sees Sales Surge While…
BEV enthusiasts often cite studies and statistics to support their claims about the safety and affordability of electric vehicles. However, these claims often overlook the fact that BEVs are relatively new and have not been on the road for as long as ICE vehicles. Additionally, while many studies predict that BEVs will soon be cost-competitive with ICE vehicles, this prediction seems to be consistently pushed back. Goldman Sachs’ latest study suggests that 2026 will be the year when BEVs achieve cost parity with ICE vehicles. However, this prediction is based on certain assumptions about battery prices and the cost of…
You’re already pretty smart, but let’s go for even smarter! Our Motley Fool cast is here to help you understand some common and not-so-common investing terms, so that you can be more fun at cocktail parties — and more importantly, be a better investor! Check out The Motley Fool’s dictionary of financial terms for lots more definitions. To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our beginner’s guide to investing in stocks. A full transcript follows the video. This video was recorded on Oct. 16, 2024.…
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic said Friday he will be patient on cutting rates to make sure inflation does not stall out above the U.S. central bank’s 2% target. “I’m not in a rush to get anywhere,” Bostic told the Mississippi Council on Economic Education Forum on American Enterprise in Jackson, Mississippi. “We must get inflation back to our 2% target; I don’t want us to get to a place where inflation stalls out because we haven’t been restrictive for long enough, so I’m going to be patient, and we’re going to let the data…
When Elizabeth and her husband filed for Chapter 13 bankruptcy, they thought they were making a smart move to manage their growing debt. But fast-forward a few months and they’re having serious second thoughts. Elizabeth explained during a call with Dave Ramsey, “We panicked and did some stupid things,” and boy, has that panic come with a price –$91,000 in debt and two car payments they can barely handle.Don’t Miss:It all started when Elizabeth lost her job, leaving the couple to juggle everything on one income. Trying to stay afloat, they made what she describes as “some stupid decisions” to…
Mercedes-Benz is poised to introduce a new era of compact luxury with the upcoming CLA four door coupe. Set to arrive next year, the CLA will be the sole compact model in the German automaker’s lineup following the discontinuation of the A-Class and B-Class. This strategic shift is part of a broader transformation at Mercedes-Benz, as the company reevaluates its electric vehicle strategy and moves towards integrating electric powertrains into existing model lines. The CLA, underpinned by the innovative MMA architecture, will offer a range of powertrain options, including gas, hybrid, and electric. This flexibility allows Mercedes-Benz to cater to…